Trump Criticizes Powell Over Fed Rate Decisions and Mocks Self-Appointment
TL;DR
President Trump criticized Federal Reserve Chair Jerome Powell for keeping interest rates unchanged, calling him 'a real dummy' and claiming his policies will harm the US economy, while Powell justified the decision citing persistent inflation above the Fed's 2% target and the impact of tariffs. Trump has a history of nominating Powell and is expected to announce a successor soon.
- 'A Real Dummy': Trump Slams Jerome Powell Over Fed Interest Rate Call HuffPost
- Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees 'meaningful' inflation ahead Reuters
- Trump says 'stupid' Powell 'probably won't cut' rates when Fed meeting ends Wednesday CNBC
- Trump rips Powell, suggests appointing himself to Fed The Hill
- Trump slams ‘stupid’ Jerome Powell as Federal Reserve fails to cut rates again: ‘Am I allowed to appoint myself’ New York Post
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